Phenom 300

The transaction is estimated to be valued up to $5 billion with deliveries expected to begin in 2025.

The jet maker and fractional operator had battled over customer service and aircraft reliability.

Global business jet activity has decreased by 8 percent in the last four weeks compared to the same time period a year ago, according to WingX.

The aerospace company said increased deliveries of executive and commercial jets helped drive results at the end of 2022.

The resiliency of the turbine-powered business and owner-flown aviation markets has defied the pains of a global pandemic.

The medevac configuration can be installed in about five hours.

Jet It’s CEO accused the OEM of poor service and said the company had absorbed more than $20 million in off-fleet expenses since 2020.

Despite delivering more commercial and executive jets this third quarter, aircraft manufacturer Embraer said less business in its defense sector and supply chain woes hurt its earnings.

Aircraft manufacturer Embraer announced today that during its third quarter of this year, it delivered 33 aircraft to various customers, which is 10 percent more than it did in the same period last year.

The company also announced the Praetor 500/600 full-flight simulator coming to FlightSafety’s Orlando location in 2023.